Construction Unemployment Rate

Take a look at this excerpt regarding the construction industry and the national unemployment rate. Spivey Construction & Spivey Homes are grateful to have made it through multiple economic recessions. Even though times are tough in every industry, we know that this is simply a season in our lives and we will pull through.

The construction unemployment rate jumped to 18.8% in November as the sector lost another 5,000 jobs since October, according to an analysis of new federal employment data released today by the Associated General Contractors of America. The data indicates that the construction sector has suffered more than any other industry during the economic downturn, association officials said.

“The unemployment report shows construction still has not broken free of the recession that has gripped the industry since 2006,” said Ken Simonson, the association’s chief economist. “Other than the stimulus and other temporary federal programs, it has been a pretty bleak four yours for the industry.”

Associated General Contractors

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